Carroll Financial Associates Inc. grew its stake in Kimberly Clark Corp (NYSE:KMB) by 6.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,090 shares of the company’s stock after acquiring an additional 328 shares during the period. Carroll Financial Associates Inc.’s holdings in Kimberly Clark were worth $678,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Shorepoint Capital Partners LLC purchased a new stake in Kimberly Clark during the 1st quarter worth approximately $279,000. Blue Chip Partners Inc. increased its stake in Kimberly Clark by 8.9% during the 1st quarter. Blue Chip Partners Inc. now owns 81,204 shares of the company’s stock worth $10,061,000 after buying an additional 6,669 shares during the period. Norges Bank purchased a new stake in Kimberly Clark during the 4th quarter worth approximately $337,207,000. Whitener Capital Management Inc. increased its stake in Kimberly Clark by 45.5% during the 1st quarter. Whitener Capital Management Inc. now owns 7,350 shares of the company’s stock worth $910,000 after buying an additional 2,300 shares during the period. Finally, First Allied Advisory Services Inc. increased its stake in Kimberly Clark by 18.3% during the 1st quarter. First Allied Advisory Services Inc. now owns 20,949 shares of the company’s stock worth $2,591,000 after buying an additional 3,243 shares during the period. 71.62% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Aaron Powell sold 3,964 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $137.95, for a total value of $546,833.80. Following the completion of the transaction, the insider now owns 5,780 shares in the company, valued at approximately $797,351. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jeffrey P. Melucci sold 7,903 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $130.17, for a total transaction of $1,028,733.51. Following the completion of the transaction, the senior vice president now owns 15,297 shares of the company’s stock, valued at approximately $1,991,210.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,433 shares of company stock valued at $6,599,379. Company insiders own 0.85% of the company’s stock.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.64 by $0.03. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The company had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the previous year, the business posted $1.59 EPS. The firm’s revenue was down .2% on a year-over-year basis. On average, equities research analysts expect that Kimberly Clark Corp will post 6.8 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, September 5th. Kimberly Clark’s payout ratio is 62.33%.
KMB has been the topic of several recent research reports. Wells Fargo & Co reaffirmed a “hold” rating and set a $130.00 target price on shares of Kimberly Clark in a research note on Tuesday, July 23rd. ValuEngine downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Macquarie raised shares of Kimberly Clark from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $102.00 to $142.00 in a research note on Tuesday, April 23rd. Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research note on Sunday, July 28th. Finally, Citigroup upped their target price on shares of Kimberly Clark from $102.00 to $116.00 and gave the stock a “sell” rating in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $129.67.
About Kimberly Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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